RE: RNS out21 Dec 2021 10:07
Great news!
There was no value ascribed to Luge according to the Company's last published balance sheet and Luge generated no revenue or profit in the last financial year.
-- Grosvenor to acquire 51% of the equity of Luge from Ironveld for ZAR 50 million cash (approximately GBP2.4 million), leaving Ironveld's residual interest at 23%
How is this not good news? We have a market cap of £11 million!